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the government spends money on. the treasury, defense department, energy department. all of these things here. and right back there on the score board you see the fundamental problem. last year we took in $2.3 trillion in revenue but spent $3.6 trillion. and this whole process has been aimed at dealing with that deficit. because neither party could really come up with a decision on what they were going to agree on on what to cut spending. what they said is if we don't have a deal by january 2nd, sequestration will set in. what is that? that's essentially a 10% cut across the board to everything out here and everyone has to deal with it the best way they can. now, i want to point out something here. there's a big difference in the size of these departments. for example, housing or personnel or energy are really quite small. you can cut them dramatically and not have nearly the impact you would have as if you hit bigger departments. some of these programs are also somewhat protected by law. sop they can't all be hit the same way. and the truth is a lot of people aren't sure what the result will
Search Results 0 to 0 of about 1